Key Takeaways
- Nucor raised its CSP hot-rolled coil base price again this week, and one location in its network continues to price at a notable premium to the rest of the mill system.
- Iron ore, zinc, and coking coal all declined in the same week, yet one of the three still rests on a structural supply condition that points in a different direction than its weekly move.
- Housing indicators weakened on nearly every measure in September, but residential construction carries far less weight in total U.S. steel demand than many buyers assume, and the forces actually holding mill pricing sit elsewhere.
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